Brokerage Firm Rating Update on Pandora Media (P)

Pandora Media (P) : The consensus on Pandora Media (P) based on 24 analyst recommendation on the company stock is 2.29, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Pandora Media (P) : Average target price received by Pandora Media (P) is $14.5 with an expected standard deviation of $2.36. The most aggressive target on the stock is $18, whereas the most downbeat target is $10. 18 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Macquarie maintains its view on Pandora Media (NYSE:P) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Macquarie raises the price target from $16 per share to $17 per share on Pandora Media . The rating by the firm was issued on August 29, 2016.

Pandora Media (NYSE:P): The stock opened at $14.59 and touched an intraday high of $14.98 on Wednesday. During the day, the stock corrected to an intraday low of $14.2, however, the bulls stepped in and pushed the price higher to close in the green at $14.63 with a gain of 0.76% for the day. The total traded volume for the day was 5,573,436. The stock had closed at $14.52 in the previous trading session.

Pandora Media, Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio, display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs, and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips, audio on supported devices and timeout-free listening. The Companys technologies include Music Genome Project and Comedy Genome Project.

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